1HUT Stock Overview

Operates as a vertically integrated operator of energy infrastructure and Bitcoin miners in North America. More details

1HUT fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	2/6
Past Performance	3/6
Financial Health	2/6
Dividends	0/6

Rewards

Price-To-Earnings ratio (10.3x) is below the Italian market (14x)

Revenue is forecast to grow 37.65% per year

Became profitable this year

Analysts in good agreement that stock price will rise by 66.5%

Risk Analysis

Earnings are forecast to decline by an average of 20.2% per year for the next 3 years

High level of non-cash earnings

My Notes

Capture your thoughts, links and company narrative

Hut 8 Corp. Competitors

TXT e-solutions

BIT:TXT

€468.3m

SYS-DAT

BIT:SYS

€173.0m

Almawave

BIT:AIW

€101.3m

Maps

BIT:MAPS

€43.8m

Price History & Performance

Summary of share price highs, lows and changes for Hut 8
Historical stock prices
Current Share Price	US$3.50
52 Week High	US$0
52 Week Low	US$0
Beta	0
1 Month Change	-82.50%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-90.06%

Recent updates

Shareholder Returns

	1HUT	IT Software	IT Market
7D	-80.0%	2.5%	1.0%
1Y	n/a	4.9%	17.4%

Return vs Industry: Insufficient data to determine how 1HUT performed against the Italian Software industry.

Return vs Market: Insufficient data to determine how 1HUT performed against the Italian Market.

Price Volatility

Is 1HUT's price volatile compared to industry and market?
1HUT volatility
1HUT Average Weekly Movement	n/a
Software Industry Average Movement	5.9%
Market Average Movement	4.3%
10% most volatile stocks in IT Market	7.6%
10% least volatile stocks in IT Market	2.5%

Stable Share Price: Data is not available.

Volatility Over Time: Insufficient data to determine 1HUT's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2017	98	Asher Genoot	hut8.com

Hut 8 Corp. operates as a vertically integrated operator of energy infrastructure and Bitcoin miners in North America. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing – Colocation and Cloud, and Other. The company mines Bitcoin.

Hut 8 Corp. Fundamentals Summary

How do Hut 8's earnings and revenue compare to its market cap?
1HUT fundamental statistics
Market cap	€1.88b
Earnings (TTM)	€183.38m
Revenue (TTM)	€187.09m

10.3x

P/E Ratio

10.1x

P/S Ratio

Is 1HUT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
1HUT income statement (TTM)
Revenue	US$194.02m
Cost of Revenue	US$100.93m
Gross Profit	US$93.10m
Other Expenses	-US$97.07m
Earnings	US$190.17m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.03
Gross Margin	47.98%
Net Profit Margin	98.01%
Debt/Equity Ratio	41.7%

How did 1HUT perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/06 12:46
End of Day Share Price	2025/02/06 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hut 8 Corp. is covered by 10 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Mark Palmer	Benchmark Company
Joseph Vafi	Canaccord Genuity
Brett Knoblauch	Cantor Fitzgerald & Co.

Hut 8 BIT:1HUT Stock Report